Victory Capital Management Inc. Grows Stake in Antero Midstream Co. (NYSE:AM)

Victory Capital Management Inc. boosted its position in shares of Antero Midstream Co. (NYSE:AM) by 30.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,230 shares of the pipeline company’s stock after purchasing an additional 31,915 shares during the period. Victory Capital Management Inc.’s holdings in Antero Midstream were worth $2,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC grew its position in shares of Antero Midstream by 314.6% in the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock worth $27,459,000 after acquiring an additional 1,413,606 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in Antero Midstream by 46.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after acquiring an additional 1,008,515 shares during the period. SIR Capital Management L.P. bought a new position in shares of Antero Midstream in the second quarter worth $8,251,000. SG Americas Securities LLC raised its stake in shares of Antero Midstream by 1,141.2% during the third quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock valued at $7,085,000 after purchasing an additional 432,817 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Antero Midstream in the second quarter worth about $3,883,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AM. Morgan Stanley boosted their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th.

Antero Midstream Price Performance

NYSE AM opened at $15.77 on Monday. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $15.90. The business’s fifty day moving average is $15.18 and its two-hundred day moving average is $14.76. The stock has a market capitalization of $7.59 billion, a P/E ratio of 19.47 and a beta of 2.35. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.71%. Antero Midstream’s dividend payout ratio is currently 111.11%.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

Antero Midstream Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.